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Walgreen turns down inversion to cut tax bill

Walgreen turns down inversion to cut tax bill

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The Associated Press

In this Wednesday, May 14, 2014 photo, a customer walks toward an entrance to a Walgreens store, in Boston. Walgreen plans to keep its roots firmly planted in the United States, saying Wednesday, Aug. 6, 2014 it will no longer pursue an overseas reorganization that would have trimmed the amount of U.S. taxes it pays. (AP Photo/Steven Senne)

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The Associated Press

People walk past the Boots flagship store, owned by Swiss health and beauty retailer Alliance Boots, on Oxford Street in London, Wednesday, Aug. 6, 2014. Walgreen, America's largest drugstore chain, plans to keep its roots firmly planted in the United States, saying it will no longer pursue an overseas reorganization, or inversion, that would have trimmed its U.S. taxes but drew political scorn. Walgreen said Wednesday that it will buy the remaining stake in Alliance Boots that it does not already own. (AP Photo/Matt Dunham)

Photo by:

The Associated Press

People walk past the Boots flagship store, owned by Swiss health and beauty retailer Alliance Boots, on Oxford Street in London, Wednesday, Aug. 6, 2014. Walgreen, America's largest drugstore chain, plans to keep its roots firmly planted in the United States, saying it will no longer pursue an overseas reorganization, or inversion, that would have trimmed its U.S. taxes but drew political scorn. Walgreen said Wednesday that it will buy the remaining stake in Alliance Boots that it does not already own. (AP Photo/Matt Dunham)

Photo by:

The Associated Press

People walk past the Boots flagship store, owned by Swiss health and beauty retailer Alliance Boots, on Oxford Street in London, Wednesday, Aug. 6, 2014. Walgreen, America's largest drugstore chain, plans to keep its roots firmly planted in the United States, saying it will no longer pursue an overseas reorganization, or inversion, that would have trimmed its U.S. taxes but drew political scorn. Walgreen said Wednesday that it will buy the remaining stake in Alliance Boots that it does not already own. (AP Photo/Matt Dunham)